Redwood Captl - RWCB STOCK NEWS

Redwood Capital Bancorp (RWCB) reported strong Q3 2024 financial results with net income of $1,373,000. The bank experienced deposit growth of $16.8 million, with total deposits reaching $470.5 million. Total assets stood at $534 million, while net loans were $380.9 million. The bank maintains strong capital positions with a Leverage Capital Ratio of 12.50% and Tangible Capital Ratio of 11.51%. Year-to-date earnings per share is $2.08, and the Board declared a quarterly dividend of $0.08 per share. The bank's sold deposits through IntraFi exceeded $67 million, demonstrating robust liquidity.

Redwood Capital Bank, a subsidiary of Redwood Capital Bancorp (OTCQX:RWCB), has announced the hiring of Stephanie Bye as Senior Vice President and Chief Risk Officer. Ms. Bye brings a wealth of experience and qualifications to the role, including CAMS, CFE, and CRCM designations, as well as a Bachelor's in law and society and a Master's in accountancy. She recently graduated top of her class from Pacific Coast Banking School, receiving the Kermit O. Hanson Award of Excellence.

Ms. Bye's career in finance began in 2010 with the FDIC, and she has held senior positions at various financial institutions. President and CEO John E. Dalby expressed confidence that Ms. Bye's addition to the senior management team will further enhance the bank's commitment to customer service and the local community.

Redwood Capital Bancorp (OTCQX:RWCB), the only locally owned community bank holding company in Humboldt County, reported its Q2 2024 financial results. Despite slight decreases in earnings, the company maintained a strong balance sheet with healthy capital and liquidity positions. Key figures include:

- Total assets: $520 million
- Net loans: $383 million
- Total deposits: $461 million
- Net interest income: $4.3 million for Q2, $9 million YTD
- Net income after taxes: $1.3 million for Q2, $2.7 million YTD
- Earnings per share: $0.68 for Q2, $1.38 YTD
- Book value per share: Increased by 2% to $24.41

The Board declared a quarterly cash dividend of $0.08 per share, payable on August 9, 2024.

Redwood Capital Bancorp (RWCB) reported solid first-quarter financial performance for 2024, with total assets of $527.1 million, total deposits of $468.1 million, and gross loans increasing to $386.5 million. The company's interest income rose by 12% to $5.7 million, and net income after taxes reached $1.3 million. The board declared a quarterly cash dividend of $0.08 per share, with a tangible book value appreciation of 20.34% from March 2023 to March 2024.

Redwood Capital Bancorp (OTCQB:RWCB) reported strong financial results for the first quarter of 2023, ending March 31, 2023. Total assets were $511.5 million, total deposits at $459 million, and gross loans increased by 13% to $379.8 million. The net interest income grew 34% to $4.8 million, while net income surged 122% to $1.8 million compared to the same quarter in the previous year. The company declared a quarterly cash dividend of $0.08 per share, with an annualized dividend of $0.32. The earnings per share (EPS) rose to $0.92, a 120% increase year-over-year. However, total assets and deposits saw declines of 10% and 11% respectively compared to March 31, 2022.

On February 1, 2023, Redwood Capital Bancorp (OTCQB:RWCB) announced record growth and earnings for the fiscal year 2022. The company reported total assets of $521 million and total deposits of $471 million. Total loans increased by 14% year-over-year to $379.5 million. Consolidated net income before taxes reached $8.4 million, reflecting a 10% increase from 2021. The fourth quarter yielded a net income of $1.9 million, contributing to an annual growth of 8%. In recognition of its performance, the company declared a quarterly cash dividend of $0.08 per share to shareholders, payable on February 14, 2023.